Analysts Predict WesBanco, Inc. (NASDAQ: WSBC) to Report EPS of $ 0.74
Analysts predict that WesBanco, Inc. (NASDAQ: WSBC) will report earnings of $ 0.74 per share for the current quarter, Zack reports. Three analysts provided earnings estimates for WesBanco, with the lowest EPS estimate being $ 0.63 and the highest estimate being $ 0.80. WesBanco reported earnings of $ 0.66 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 12.1%. The company is expected to release its next earnings report on Wednesday, October 20.
On average, analysts expect WesBanco to report annual earnings of $ 3.50 per share for the current year, with EPS estimates ranging from $ 3.30 to $ 3.60. For the next fiscal year, analysts predict the company will post earnings of $ 2.51 per share, with EPS estimates ranging from $ 2.35 to $ 2.73. Zacks’ earnings per share calculations are an average based on a survey of research companies that cover WesBanco.
WesBanco (NASDAQ: WSBC) last released its results on Tuesday, July 27. The financial services provider reported earnings per share (EPS) of $ 1.01 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.75 of $ 0.26. The company posted revenue of $ 151.97 million for the quarter, compared to analysts’ estimates of $ 149.17 million. WesBanco recorded a return on equity of 9.17% and a net margin of 36.64%. The company’s revenue grew 0.1% year-on-year. During the same period of the previous year, the company posted earnings per share of $ 0.07.
Several equity analysts recently weighed in on WSBC stocks. Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research report on Wednesday, September 29. Royal Bank of Canada increased its target price on WesBanco from $ 36.00 to $ 38.00 and gave the stock a “sector performance” rating in a research report published on Wednesday, September 29. B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research report on Tuesday, July 27. Raymond James downgraded WesBanco from an “outperformance” rating to a “market performance” rating in a research report released Thursday, July 8. Ultimately, Zacks investment research reduced WesBanco from a “buy” rating to a “conservation” rating in a research report released Tuesday. Seven equity research analysts rated the stock with a conservation rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $ 34.75.
Institutional investors and hedge funds recently bought and sold shares in the company. Capital Analysts LLC purchased a new position in WesBanco shares in Q1 valued at approximately $ 28,000. Nisa Investment Advisors LLC purchased a new position in WesBanco shares in the second quarter valued at approximately $ 36,000. Evermay Wealth Management LLC purchased a new position in WesBanco shares in the 2nd quarter valued at approximately $ 36,000. Federated Hermes Inc. purchased a new position in WesBanco shares in the second quarter valued at approximately $ 38,000. Finally, Captrust Financial Advisors purchased a new equity stake in WesBanco in the 1st quarter for a value of approximately $ 51,000. Hedge funds and other institutional investors hold 62.31% of the company’s shares.
WSBC shares opened at $ 35.54 on Thursday. The company has a market cap of $ 2.32 billion, a PE ratio of 10.39 and a beta of 1.09. The stock’s fifty-day moving average price is $ 33.16 and its two hundred-day moving average price is $ 35.32. The company has a leverage ratio of 0.19, a current ratio of 0.83, and a quick ratio of 0.83. WesBanco has a one-year low at $ 22.53 and a one-year high at $ 39.87.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Friday September 10 received a dividend of $ 0.33. This represents a dividend of $ 1.32 on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, September 9. WesBanco’s payout ratio is currently 70.21%.
WesBanco Company Profile
WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking Services and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.
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